Quote:
Originally Posted by FlamesAddiction
I was thinking about that.
What if the parent left the estate to 1 child but the estate ended up being in debt. Would the other siblings be off the hook then? And if so, would the 1 child be allowed to contest it in court to spread out the debt to the other siblings?
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As far as I know, beneficiaries are not responsible for the Testator's debts.
Insolvent Estates:
http://www.raymondchabot.com/estate
4. Does the liquidator or do the beneficiaries have any responsibility toward the creditors?
The Court decision releases the liquidator and/or heirs from estate obligations.